Why I think that if IGO bids it needs to be at least $4.00 per share., page-158

P2 obviously not aware of the SIR Nova takeover,

IGO paid $2.2B for SIR in 2014 and that was with a quarter of the resources and lower the grade 2.0% v 3.0%, since then Nova mine has become 43% of all IGO revenue and the NP has doubled from the lows

At the time the price was very high & large debt with no built infrastructure but look now, Nova is now worth $3.3B & generates $750Mpa revenues with a 1.5MTpa processing plant.

IGO did walk away from the PAN transaction at 47c now at 21c.
I just dont see them walking away this time sorry.
Creasys move here is a good one imho & all scrip bid with this SP is not painful but easy done.
Lougher no slouch has been waiting around for such a move for 10 years imho.

$1.1B scrip taking a +$150M cash at bank is cheap compared to $2.2B with -$500M debt on top right?